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Epic oil glut gets worse

2016-03-23 19:23:01| Oil & Gas - Topix.net

U.S. oil stockpiles skyrocketed by 9.4 million barrels last week to 532.5 million barrels, according to figures released on Wednesday by the U.S. Energy Information Administration. That's roughly triple what analysts had been bracing for and adds to "historically high" inventory levels.

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